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Wärtsilä to Supply the Engineering and Equipment to East Kentucky Power Cooperative for 217-MW Power Plant

LCG, August 27, 2025--Wärtsilä Energy announced yesterday an agreement with East Kentucky Power Cooperative (EKPC) to supply the engineering and equipment for a 217-MW power plant to be constructed in Liberty, Kentucky. The Wärtsilä equipment is scheduled for delivery in mid-2027, and the plant is expected to be commissioned in early 2028.

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TerraPower, Utah's Office of Energy Development, and Flagship Companies Sign MOU to Identify Sites for Advanced Nuclear Reactors

LCG, August 25, 2025--The Utah Office of Energy Development (OED), TerraPower and Flagship Companies announced today the signing of a Memorandum of Understanding (MOU) to explore the potential siting of a Natrium® nuclear reactor and energy storage plant in Utah. The MOU establishes a shared commitment to support advanced nuclear technologies to build Utah’s energy future and to prioritize reliability, economic growth and energy abundance.

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Industry News

New York Approves Niagara Mohawk Rate Hike

LCG, Aug. 31, 2001--The New York State Public Service Commission has approved a request by New York utility Niagara Mohawk Power Corp. to increase electricity rates, reflecting the higher cost of producing power.

The rate hike, commonly called a "fuel cost adjustment," will hit householders with a 7.9 percent increase beginning September 1. Overall, the increase will average 4.9 percent for all classes of customers.

The new rates will remain in effect for two years unless fuel costs happen to unexpectedly drop over the next two years, in which case there would be a downward adjustment in rates.

"While none of us wants rate increases, it is important to understand what is driving the increases -- prices of fuel used to generate electricity," Niagara Mohawk Chairman Maureen Helmer said. "What we don't want to happen is for the real price of electricity to go unrecognized, risking the credit worthiness of utilities -- as happened in California -- and driving electricity prices for consumers even higher."

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